Wednesday, August 10, 2011
Clearly, I have a one-track mind this week. Sorry if you're bored with my house buying/selling posts. At the very least, I should move on to bitching about house redecorating/renovating soon, if that makes you feel any better.
Sadly, I don't have any news to report regarding the prospective buyer who came through here for a second look last night. Apparently, she still hasn't made her decision between our place and the other one she had placed in her "top two." Our realtor says that most buyers aren't moving very quickly in this market, so I guess we just have to be patient. Kind of difficult to do when you're running out of time!
Earlier tonight, I spoke to the woman who is interested in renting, and now she is throwing a curve ball into the situation--she is contemplating buying, too! This could obviously be a good thing, it could end up being nothing, or it could be a bad thing. The way we see it, this could turn out one of three ways: 1) She could end up buying our condo, which would be amazing (obviously). 2) She could end up ditching the idea of buying and rent, like she originally planned. Or 3) She could decide she wants to buy, but not buy from us, which would suck (obviously). Needless to say, until she wraps her head around what she's going to do, we're in a holding pattern there, too.
Add on top of all of this a wild card... another prospective buyer came through here a week ago with our old realtor, but said it would be a few weeks before she made a decision. We don't expect to hear from her again, but I guess you never know.
ALL OF THIS SUSPENSE IS KILLING ME.
Now, on the buying side... we learned today just how much we truly hate our sellers.
I got a call today from our realtor, saying that she had heard from the sellers' realtor with some bad news. "He says the sellers can't be out of the house until probably 5:00 p.m. Friday," she tells me.
What the WHAT?
We're closing at 1:00 p.m. tomorrow (Thursday), mind you. They close on their new place immediately afterward, at 2:00 p.m.
I called our attorney immediately, and upon hearing this, she got angry on our behalf and said that there is no reason why they can't be out of the house tomorrow. She said that if they had planned properly, they would have their stuff all packed up before going to closing, at which point they receive the keys to their new place and can take the stuff over right away. She said she was going to call the sellers' attorney to find out what the deal is.
What do we end up finding out? The stupid sellers scheduled the moving truck for Friday morning. You know, a good 18 hours after the house is OURS. Apparently they didn't realize that when you close on the sale, THE HOUSE IS NO LONGER YOURS. What kills us is that we were originally supposed to close today (Wednesday). And they didn't schedule movers until Friday? Who the hell are these people?
After a lot of back and forth, ("We can't be out until Friday evening." "You WILL be out by noon.") yada yada yada, it has been determined that we will be entering into a post-possession agreement with the sellers during which they will be paying us "rent" for every day that they continue to occupy the damn house. So, at the very least, they will owe us for Thursday-Friday. If they're not out by noon on Friday (our specified deadline), they will owe us for ANOTHER day. In addition, they need to put a lovely chunk of cash into an escrow account at our attorney's office until we are able to get in there for our final walk-through.
Hopefully this encourages them to haul ass.
Apparently this is not an unusual situation, but our attorney said that it kills her every.single.time. People just assume that they can stay in the house after closing. I cannot comprehend this way of thinking AT ALL.
Our sellers have been less than stellar to work with throughout this entire process, so we're certainly not in any hurry to do them any favors. And I'm sure we're not going to be on the top of their "nice list," either, so I'm sure we can expect the house to be left in less-than-ideal condition. Oh well, it's not like we weren't going to get in there and scrub it from top to bottom anyway.
We better have keys to our house on Friday. I'm just sayin'.